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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 0
Operates in Tech & IT — IT Services. Per the activity note to the FY2024 annual report, the company provides consulting services in software development.
| Ratio | 2022 | 2023 | 2024 |
|---|---|---|---|
| Margins | |||
| Gross Margin | 19.8% | 31.9% | 35.8% |
| EBITDA Margin | -6.4% | 7.8% | 11.5% |
| EBITDAR | -222 | 941 | 1,381 |
| EBITDAR Margin | -4.5% | 13.5% | 17.2% |
| EBIT Margin | -6.4% | 7.8% | 11.4% |
| Net Profit Margin | -9.2% | 8.5% | 10.5% |
| Operating Expense % of Sales | 26.3% | 24.5% | 25.6% |
| Returns | |||
| Return on Assets (ROA) | -28.5% | 24.5% | 19.2% |
| Return on Equity (ROE) | N/A | 103.9% | 59.8% |
| ROIC [EBIT / Invested Capital] | N/A | 99.6% | 66.8% |
| Leverage & debt balances | |||
| Debt-to-Assets | 0.0% | 0.0% | 0.0% |
| Debt-to-Equity | -0.00x | 0.00x | 0.00x |
| Debt-to-EBITDA | N/A | 0.00x | 0.00x |
| Equity-to-Assets | -1.4% | 23.6% | 32.1% |
| Net Debt | -174 | -23 | -38 |
| Cash & Equivalents | 174 | 23 | 38 |
| Total Debt | N/A | N/A | N/A |
| Liquidity & working capital | |||
| Current Ratio | 0.99x | 1.30x | 1.47x |
| Quick Ratio | 0.99x | 1.30x | 1.47x |
| Cash Ratio | 0.11x | 0.01x | 0.01x |
| Total Current Assets | 1,605 | 2,396 | 4,393 |
| Total Current Liabilities | 1,627 | 1,838 | 2,986 |
| Inventory | N/A | N/A | N/A |
| Trade Receivables | 1,431 | 2,339 | 4,353 |
| Trade Payables | 1,009 | 1,145 | 1,139 |
| Net Working Capital | -22 | 558 | 1,407 |
| Net Working Capital % of Revenue | -0.4% | 8.0% | 17.5% |
| Trade Working Capital | 422 | 1,194 | 3,214 |
| Trade Working Capital % of Revenue | 8.5% | 17.1% | 40.0% |
| Change in Trade Working Capital | N/A | 772 | 2,020 |
| Turnover & efficiency | |||
| Inventory Turnover | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A | N/A |
| Receivables Turnover | 3.47x | 2.98x | 1.85x |
| Days Sales Outstanding (DSO) | 105.2 | 122.5 | 197.7 |
| Payables Turnover | 3.94x | 4.15x | 4.53x |
| Days Payable Outstanding (DPO) | 92.6 | 88.0 | 80.6 |
| Cash Conversion Cycle | 12.7 days | 34.5 days | 117.1 days |
| Asset Turnover | 3.09x | 2.90x | 1.83x |
| Cash flow & dividends | |||
| Operating Cash Flow | -177 | -144 | 16 |
| Free Cash Flow (OCF − Capex proxy) | -173 | -150 | 25 |
| Cash Conversion (OCF / EBITDA) | N/A | -26.4% | 1.7% |
| Dividends Declared | 0 | 0 | 0 |
| Dividend Payout Ratio | N/A | 0.0% | 0.0% |
Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in GEL, thousands. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.
Shareholders, directors and group links from the companyinfo.ge public register — as filed, so stakes need not sum to 100% where a holding is undisclosed.
Ownership & directors from companyinfo.ge (public corporate registry).
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